Securities and Commodities Violations
Word of Trump Media Deal Is Said to Have Leaked Months in Advance
Months before former President Donald J. Trump’s social media company unveiled an agreement to raise hundreds of millions of dollars last fall, word of the deal leaked to an obscure Miami investment firm, whose executives began plotting ways to make money off the imminent transaction, according to people familiar with the discussions. The deal — […]
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S.E.C. Broadens Inquiry Into Elon Musk’s Disclosures About Twitter
The Securities and Exchange Commission has broadened its inquiry into whether Elon Musk properly disclosed his investment in Twitter and his intentions for the social media company, the agency revealed on Thursday in a filing. The agency raised questions about a tweet from Mr. Musk in May in which the billionaire claimed his $44 billion […]
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Prosecutors Charge Former OpenSea Employee With Insider Trading
Manhattan prosecutors on Wednesday accused a former employee of OpenSea, an auction site for the digital goods known as nonfungible tokens, or NFTs, of insider trading. It is believed to be the first such case filed related to a cryptocurrency company. Nathaniel Chastain, a 31-year-old former product manager at OpenSea, is accused of using his […]
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The S.E.C. Sent a Letter to Musk About His Twitter Shares in April
The Securities and Exchange Commission revealed on Friday that it had begun looking into Elon Musk’s purchases of Twitter stock in early April and whether he properly disclosed his stake and his intentions for the social media company. In a regulatory filing, the agency said it had approached Mr. Musk on April 4. At the […]
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E. Gerald Corrigan, Who Helped Ease ’87 Stock Crash, Dies at 80
E. Gerald Corrigan, who as the aggressive president of the New York Federal Reserve Bank helped cushion Wall Street’s crash in the late 1980s, died on May 17 in a memory-care center in Dedham, Mass. He was 80. The cause was complications of Alzheimer’s disease, his daughter Elizabeth Corrigan said. As president of the Federal […]
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Even Among Corporate Raiders, Elon Musk Is a Pirate
The history of mergers and acquisitions is filled with ruthless corporate raiders, bruising wars of words and people trying to stiff each other. T. Boone Pickens, the oil tycoon who rampaged through the 1980s, took small stakes in energy companies, attacked management and forced sales of the firms. Carl Icahn, the activist investor, amassed shares […]
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How Elon Musk Winged It With Twitter, and Everything Else
Kimbal Musk and Mr. Gracias, who left Tesla’s board last year and serves as a SpaceX director, declined to comment for this article. Today, Mr. Musk oversees or is associated with at least a dozen companies, including public ones, private ones and holding companies such as Wyoming Steel, which he uses to manage real estate. […]
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Reality Intrudes on a Utopian Crypto Vision
Community strife has also prompted a price crash at Wonderland DAO, whose founder was recently forced to disclose that the platform’s treasurer, known as Sifu, was a man going by the name Michael Patryn. Mr. Patryn was previously convicted of financial crimes in the United States and Canada and was a co-founder of the failed […]
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